The United Arab Emirates plans to invest $40 billion in Italy, the two countries said at a bilateral summit in Rome, without providing any time frame. Italian Prime Minister Giorgia Meloni has pursued stronger ties with Gulf countries since taking office in 2022,

Since taking office in 2022, Meloni has actively sought closer ties with the Gulf states, despite opposition highlighting human rights concerns.

The United Arab Emirates is set to invest $40 billion in Italy as part of a deal strengthening economic ties between the two countries. The announcement came following a bilateral summit in

The United Arab Emirates plan investments in Italy worth 40 billion dollars, Italian Prime Minister Giorgia Meloni said on Monday, without giving a time frame. Meloni has been trying to pursue stronger ties with Gulf countries since taking office in 2022,

Prime Minister Giorgia Meloni said the United Arab Emirates will invest $40 billion in Italy after Rome hosted a visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan.

Announcement made during a meeting between Emirati President Sheikh Mohamed bin Zayed Al Nahyan and Italian Prime Minister Giorgia Meloni in Rome - Anadolu Ajansı

Italian Prime Minister Giorgia Meloni has secured a total of $50 billion worth of deals from her engagements with the UAE and Saudi Arabia so far this year.

Apart from energy and tech, the UAE is also expected to invest heavily in Italy’s defence and security sector. The deal will involve joint military production and the sharing of information. View on e